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Bitcoin Start Of New Multi-Year Bear Market? I Don't Think So...There have been many people calling for a sub $20,000 Bitcoin and the start of a new multi-year bear market? I do not believe that will be the likely scenario considering we have already crashed and the major selloffs have already happened. I highlighted the 3 most major sell of volume sticks since 2017. It has been clear this period has been turning out to be a consolidation phase in the market as we continue to move sideways waiting for a strong move to the downside or upside. Consider this: * Buy and sell volume has been getting very low. * We now have over 200 days of support trading above $30,000 * We only have 28 days of support between $18k - $20k. * $30,000 is a way stronger and more important support level than $20,000. * Tesla has not dumped their Bitcoin Holdings. * Intuitions are still more interested in Bitcoin than ever before despite the volatility and crash. * Bitcoin hash rate has slowly been recovering. * This is the longest period of extreme fear registered from The Fear & Greed Index ( We are still continuing to be extremely fearful). * Bitcoin mining is continuing to become more renewable and miners have been re-locating mining outside of China at a rapid rate. * On Chain Metrics indicate large whale addresses have been accumulating between $28k - $30k. * This most recent crash has been the biggest in crypto history considering the amount of money that has left the space (1 Trillion in under a month). * Countries adopting Bitcoin as legal tender will continue to grow. * Bitcoin is becoming more desensitized to Elon Musk and China FUD. * Crypto luxury transactions accelerate at Sotheby's. * Sotheby's recently sold a rare 101.38-carat diamond for $12.3 million in cryptocurrency. I say all of this because market sentiment is what drives price. This market has matured greatly since the last bear market. We will come out of this state of extreme fear, uncertainty, and doubt in the months to come. We are now back at them bottom of $30k. Can we go lower? Yes but how low? We're still in a downtrend and the charts are pointing down. Expect another drop to $28k as long as we're still in this phase. I don't believe we are starting a multi year bear market "just yet". The fundamentals going forward are more way more bullish than bearish throughout the rest of this year. If you're at a loss I'd just say continue to HODL through this and be patient. Think about the bigger picture and believe in your investment. This is the future of economics and finance. The bears want you to sell at these lower prices and want you to believe Bitcoin is back on its death bed. Most of my portfolio is staked throughout this period. Much peace, love, health, and wealth everybody.
COINBASE:BTCUSDLong
by peacefuljustin
GBPJPY 21-1 Snipe EntryThis is a set up I saw on the 1 hour time frame and after some lower timeframe analysis I realized this is an ideal entry on GJ. After missed expectations on Japanese unemployment numbers, I was expecting a retrace back above 153.550, this was not the case. GBPJPY had a sharp selloff and has stair-stepped back into an area I consider safe for a long. Something that sparked my interest was that British home prices pushed up 13.4% YoY which is great for economic breadth. Today Britain also has monthly M4 Money supply reports and consumer lending data which could help contribute to understanding of this being inflationary or growth backed price changes.
Long
by crawfordpaul
2
Lets Compare 90s Japan's Loose Monetary PolicyIts good to sometimes look and compare at what history has done when we governments allow loose monetary policies followed by sharp increase of interest rates. During the late 1980s, Japan growth was largely pushed by ease of borrowing and increasing money supply. By late 1989, inflation worries lead Japan to increase their interest rates which ultimately killed their stock market, causing a 60% drop in their stock market following the next 2 years. We can compare their loose monetary policy very similar to what we have today in our economy. We have continuous purchases of treasury bonds monthly thus increasing our money supply and worries of inflation, especially with latest CPI report. There are only 2 plays the Feds can do to combat inflation, limit the money supply by stopping purchases of Treasury Bonds or increase interest rates. Both will inevitable clap the stock market. The charts are eerily similar and exactly half in both price increase and time. We could maybe see more growth with time, but no matter these are the actions caused by governmental involvement in the stock market.
TVC:NI225Short
by WaisTrades
Weekly Hedge Position Idea Nzd/UsdHello Traders, Here you can find my weekly trade ideas (unconventional fundamental trading Style, not that what most People know as "Normal"). They mainly serve to achieve a possible learning effect or to show other perspectives how other traders set their positions and act, should be very interesting. The focus is on the "point of view" (learning through seeing). All trades amount to Fundamental, Economical, Mathematical, - Technical information. In the 4 years that I have been trading now, I have simply learned that the trades are only as good as the information that is based on them, the higher the density of information, the better and more likely that the trade will work. Every week on Sunday there is an update, because new information is published over the period. Depending on how these end, the trade is either closed "early" or it continues on its way towards TP (Take Profit). CRV (opportunity-risk ratio) is ALWAYS 1 to 3. Trading style includes hedge and trend based swing trading and position trading approaches. Please use your own criteria (entry, exit,etc.) and don't be a copy, otherwise it won't work, find out which style suits to you. My Trades are always Market Entry, like you can see. Enjoy. Have a nice Week :)
Long
by JR_Tradingideas
SPX - S&P 500 - BEAR OVERALL TREND /\ An Interesting TrAde Here - The Economic Crisis Remains To Be Seen - 1929 Crash PT 2 SPX - Economic Instability - Corruption -Potential World Wide Revolution - Locked Down - Death Vaccine - No Thanks 2021 - Hello Observers - Remember /\ bull trap & \/ MASS BEARISH USD XAU BEAR - EVERYTHING BTC COINBASE:BTCUSD TVC:SPX SPCFD:SPX FOREXCOM:SPXUSD OANDA:SPX500USD AMEX:SPXL AMEX:SPXZ AMEX:SPXV AMEX:SPXB AMEX:SPXE AMEX:SPXE AMEX:SPXN TASE:IS.FF702 USI:PVSPX OANDA:SPX500USD NASDAQ:MSFT BITFINEX:BTCUSD BINANCE:BTCUSDT BINANCE:BTCPERP
SP:SPXShort
by MaverickTrading
10
Next MAJOR Macro Development for BTCUSDThere is a nearly 10 year trendline for BTC that will be tested this year - in the $75,000-$100,000 range, depending on WHEN we get there. As you can see, this trendline was support for BTC all the way until 2018, then it was flipped to resistance in 2019. We are now nearing this trendline once again to retest. This is a major technical development because like I said, its 10 years in the making and will basically dictate the rate of growth BTC has going forward. Will we flip it back, or will this be the local top for this cycle? Has BTC market cap grown to such a size that it can no longer sustain the same slope of growth? What do you guys think?
BITSTAMP:BTCUSDLong
by AspiringPro
1
GBPJPY Setup IdeaWith just one month left to reach a deal protecting ~$1 trillion worth of trade between the EU and UK, this will probably be a critical week for Brexit negotiations. UK and EU haven´t reached an agreement over the Fishing Rights and Competition (EU loves its single market so it wants UK to play by the same rules). The fact that an agreement on such an important matter haven´t been reached might encourage speculation regarding the Sterling Pound and provoke a slight slip in the price of the Pound against other assets.
by joseafab
Debt / GDP and other economic dataAll series are on their own scale. This chart serves 1 purpose, to see change in the values relative to their own range, over time and thereby giving a visual way to see how they moved versus one another over time. The chart is broken down by presidential terms. This chart does not imply that any one president caused or did something, it's simply a good way to get an idea of what was happening as the executive budget and current ideology has an impact on debt levels.
FRED:GDP
by turbotrainedbamboo
3
Amazon's CollapseHow are giants/bosses defeated in video games? There's always a weak spot. Amazon's weak spot happens to be in its core foundation. This essentially means they're founded on demand-side economics. However, in the real world, the economy can only function off of supply-side economics. But with the role Big tech, the Deep state, the Liberal agenda, and all of these business tycoons are playing in our politics, they may be able to synthesize a false reality & force us into a Socialist state. That's a BIG "if" though, and in the end, nature ALWAYS wins. They may be successful at doing this in the beginning, but it will be short-lived and we will rotate back to Capitalism as it's the only way reality (on God's terms) works. A rotten pillar will always be a rotten pillar, no matter how much you bandage it up. And you can't buy an apple, without that apple first being grown. 1+1 always equals 2 and NOTHING can change that. The bigger they are, the harder they fall. Remember this a few years from now.
NASDAQ:AMZNShort
by r1chAl